I would buy this stock if they replace top level management, esp the directors.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
CEN must be a buy at $5.67 - up coming reduced results must have been factored into the price. May not be until next year but will surely show good growth.
CEN must be a buy at $5.67 - up coming reduced results must have been factored into the price. May not be until next year but will surely show good growth.
Ziggy: Welcome to the forum.
The arrival of several newcomers indicates to me a livening interest amongst the investing public in getting back into the market. Another "green shoot".
I am no chartist, but the trendline says it is going lower.
Maybe guru chartist like Phaephrus can enlighten us.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
CEN has been in a downtrend for about a year, so far. The existing confirmed trendline was reconfirmed a few days ago. Isn't it amazing just how precisely and perfectly linear trends can be? Within this downtrend, CEN has been in a consolidation zone for 3 months, over which time the OBV has continued to fall (this is bearish). It will be interesting to see if the support at around $5.48 holds.
See how the On Balance Volume indicator provided excellent confirmation of all trendline break buy/sell signals - often triggering a few days before, as befits a "leading" indicator.
I routinely run another 10 or so indicators on CEN - but who needs 'em? The situation is crystal clear and more indicators contribute nothing extra.
I suspect that takeover speculation will see it hold that level.
The problem is that the rumours have been doing the rounds for 2-3 years.
Thanks Phaedrus, you are a legend when it comes to graphs.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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Originally Posted by ziggy
Must agree..
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